Proposed bill would cancel rent and mortgages during COVID-19 pandemic

[SheltieLover]

https://www.localmemphis.com/mobile/article/news/health/coronavirus/proposed-bill-would-cancel-rent-and-mortgages-during-covid-19-pandemic/522-9c0598b8-4c00-43d7-b091-e517a932b05a


Proposed bill would cancel rent and mortgages during COVID-19 pandemic

The 'Rent and Mortgage Cancellation Act' would also create a fund for landlords and mortgage holders to cover losses from the canceled payments nationwide for the duration of the coronavirus pandemic.

The Rent and Mortgage Cancellation Act would establish full rent payment forgiveness, with no build-up of debt for renters or homeowners, regardless of income. The legislation would also establish a relief fund for landlords and mortgage holders to cover losses from the canceled payments.

More at link.

[Cha]

1. Best of Luck to those who can't

pay their rent or mortgage bc they're out of work due to Covid19 shut down.

[SheltieLover]

2. Scary situatiin for many!

[jimlup]

3. This made sense and made sense two months ago ...

We already know who will oppose it.

[SheltieLover]

4. Indeed!

Cannot force quarantined worker to sacrifice themselves for the economy if they can pay bills & eat.🤬

[Ferrets are Cool]

5. Oh my!!! Whatever will Wells Fargo do without my

house payment coming in every month???????

[SheltieLover]

6. Won't be as much fun

because they won't be squeezing the last drop of blood out of working families. The proposal sets up a funding pool of fed $ to pay the almighty banks & landlords.

[Ferrets are Cool]

7. Yeah, like that wasn't going to happen anyway.

I've yet to see ONE penny from this fiasco. I am still waiting on the $1200 and never expect to see the 10K I my business applied for.

[SheltieLover]

10. I've not received the $1,200 crumb, either

Maybe I blinked & missed the teensy assistance.

My guess is that the repukes figured out a way to steal the extra unemployment fund, so they are forcing people back to work so they can get their filthy, blood soaked hands on that, too. (I have no idea how this could hapoen, but you know how they are. )

[Indykatie]

8. Why Forgive Payments for Those Who Don't Need The Help?

Not everyone's income has been reduced or eliminated.

[SheltieLover]

11. Not sure

Maybe the thinking is to negotiate down to only those who lost jobs?

Or maybe they are trying to give everyone a break from the oppressive circumstances that have been ongoing for decades. I don't know any more than what was in article.

[USALiberal]

9. How will small time landlords survive? Nt

[SheltieLover]

12. The article says a ded funding pool

would be set up to pay mortgafes & landlords, if I read it correctly.